Short Interest in CXApp Inc. (NASDAQ:CXAI) Expands By 103.8%

CXApp Inc. (NASDAQ:CXAI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,440,089 shares, an increase of 103.8% from the July 15th total of 2,669,536 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average trading volume of 4,243,610 shares, the short-interest ratio is currently 1.3 days.

CXApp Trading Down 37.1%

Shares of CXAI traded down $0.07 on Friday, hitting $0.11. 42,918,614 shares of the stock traded hands, compared to its average volume of 4,965,645. CXApp has a 1 year low of $0.09 and a 1 year high of $1.04. The stock’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.19. The firm has a market capitalization of $7.75 million, a P/E ratio of -0.21 and a beta of 0.97. The company has a quick ratio of 2.28, a current ratio of 2.29 and a debt-to-equity ratio of 0.68.

CXApp shares are going to reverse split on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

CXApp (NASDAQ:CXAI) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The business had revenue of $1.69 million for the quarter, compared to analysts’ expectations of $1.15 million. CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.

Institutional Trading of CXApp

A number of hedge funds have recently added to or reduced their stakes in CXAI. Renaissance Technologies LLC increased its stake in shares of CXApp by 110.1% during the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after acquiring an additional 56,911 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of CXApp in the second quarter worth approximately $41,000. DRW Securities LLC purchased a new stake in CXApp in the fourth quarter valued at approximately $44,000. Virtu Financial LLC purchased a new stake in CXApp in the fourth quarter valued at approximately $46,000. Finally, Geode Capital Management LLC increased its position in CXApp by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after purchasing an additional 50,310 shares during the last quarter. 14.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CXApp has a consensus rating of “Sell”.

About CXApp

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.